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In a homogeneous oligopoly, under standard regularity conditions, we prove that the Cournot–Nash equilibrium emerges under price competition and Cournot conjectures. We illustrate this result also under exogenous product differentiation. Click to show full abstract
In a homogeneous oligopoly, under standard regularity conditions, we prove that the Cournot–Nash equilibrium emerges under price competition and Cournot conjectures. We illustrate this result also under exogenous product differentiation.
Keywords:
cournot;
price competition;
cournot conjectures;
competition cournot
Journal Title: International Journal of Economic Theory
Year Published: 2018
Link to full text (if available)
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Journal Title: International Journal of Economic Theory
Year Published: 2018
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!